Sep 6, 2012 9:00pm EDT
think it possible that an african-american man could be elected president of the united states. >> reporter: it seems possible that this remarkable man will be someone truliy and remarkably different, who can lift us out of the partisan differences that divide us. >> reporter: but the country was mired in two wars and reeling from the great recession. >> the american recovery and reinvestment act that i will sign today-- >> reporter: early on, he secured from congress an $840 billion stimulus measure. but unemployment remained above 8%. even the president what happen to the shovel-ready projects. >> shovel ready was not as... shovel ready as we expected. >> reporter: the rapid rise in federal spending climaxed in a $16 trillion debt and negotiations between the white house and congressional republicans over whether to extend the debt ceiling. >> i made a sincere effort to work with the president. >> this is no way to run the greatest country in the world. >> reporter: ended in a short-term fix. >> it becomes the law of the land. >> reporter: after a year of often fierce debate, mr. obama cy
Sep 6, 2012 1:00am EDT
nominee of our party for president of the united states. [cheering] our next speaker will place before you, that nomination. >> unemployment in june was the highist since 1994. >> the u.s. economy has been in a recession. >> 10 million americans still officially unemployed. >> there is nothing wrong with america that cannot be cured by what is right with america! [cheers and applause] we believe that invest and grow economics is better than trickle-down economics. we have got to go beyond the braip-dead politics in washington and give our people the kind of government they deserve, a government that works for them! don't stop believing in tomorrow. >> after years of hard work, the longest economic expansion in history, we proved that we could find a way to balance the budget and protect our values. we have lots of evidence that presidents who focus on the middle class get better results. i personally believe if the mrch people give you the honor of serving, should you keep on doing it when you leave office. i set up this foundation so that i could pursue causes that i could still have
Sep 7, 2012 1:00am EDT
think it's a wrong thing. >> let's listen in to the video, bruceing the president of the united states, making his pitch for re-election. >> we have been through a lot together. but we have known tough times before. what carries us through... and helps us endure... what are the qualities so essential to us and the leader who is have occupied that office? >> he did some things knowing they wouldn't be popular in the short run that would lay the foundation for recovery. no other country in the world would give up the capacity to manufacture cars if it had it. so he did what the government's supposed to do in a case like that. >> do not rescue the automobile industry. i mean, it was overwhelming, look at the foaling. >> a country in the midst of a financial crisis that no one really, you know, knew the depths of the challenges that were coming. i thinks he -- he had a sense. >> my grandparents came out of the depression. they knew what it was like for people not to have work. we all understand work as something more than just a paycheck. what gives you dignity, what gives you a sense of purpose.
Sep 4, 2012 7:00pm PDT
antonio and the other would be on his way, god willing -- to the united states congress! my family's story isn't special. what is special is the america that makes our story possible. ours is a nation like no other, a place where great journey can be made in a single generation, no matter you who are or where you come from, the path is always forward. america didn't become the land of opportunity by accident. my grandmother's generation and generations before always saw beyond the horizons of their own lives and their own circumstances. they believed that opportunity created today would lead to prosperity tomorrow. that's the country they envisioned and that's the country they helped build. the roads and bridges they built, the schools and universities they created, the rights they fought for and won, these open the doors to a decent job, a secure retirement, the chance for your children to do better than you did. that's the middle class, the until of our economic growth. with hard work, everybody ought to be able to get there. with hard work, everybody ought to be able to stay there. and